Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of New St. Paul Tabernacle C.O.G.I.C. Head Start Agency, Inc. d/b/a New St. Paul Head Start Agency, Inc. (the Agency) under programs of the federal government for the year ended November 30, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidelines
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the federal cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as
to reimbursement. Pass-through entity identifying numbers are presented where applicable.
Title: MAJOR PROGRAMS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of New St. Paul Tabernacle C.O.G.I.C. Head Start Agency, Inc. d/b/a New St. Paul Head Start Agency, Inc. (the Agency) under programs of the federal government for the year ended November 30, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidelines
Major programs have been determined in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: SUBSEQUENT EVENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of New St. Paul Tabernacle C.O.G.I.C. Head Start Agency, Inc. d/b/a New St. Paul Head Start Agency, Inc. (the Agency) under programs of the federal government for the year ended November 30, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidelines
All subsequent events related to the Federal Programs were evaluated through August 28, 2025, the date the accompanying reports were available to be issued. No significant event was noted that required adjustment or disclosure in the report.
Title: SUPPLEMENTARY DATA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of New St. Paul Tabernacle C.O.G.I.C. Head Start Agency, Inc. d/b/a New St. Paul Head Start Agency, Inc. (the Agency) under programs of the federal government for the year ended November 30, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Agency has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidelines
The following schedule was prepared to meet the Single Audit report requirements of the Michigan Department of Education.